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Tata Sons' board approved a significant Rs 10,000 crore capital infusion for Air India. This investment is contingent upon business case presentations from the airline and other ventures. The decision follows a pause in equity injections after Air India's doubled losses in FY26. Tata Sons' ability to provide guarantees is also constrained by an RBI application. Singapore Airlines may need to invest Rs 3,350 crore to maintain its stake.
Top stock market recommendations: Bank of Maharashtra, Glenmark Pharma, and Tata Technologies have been shared as the top stocks to buy today on September 3, 2026 by Aakash K Hindocha, Vice President - Research, Nuvama Professional Clients Group/Nuvama Wealth.
A freshly minted $1 coin has been released to celebrate America's 250th anniversary, featuring the portrait of Donald Trump. While federal regulations usually prevent living presidents from appearing on currency, unique allowances have made this release possible. The coins flew off the shelves just hours after their launch on Wednesday, with select coins featuring a July 4th privy mark hidden among them, showcasing a new branding initiative.
On Thursday morning, the Indian rupee saw a notable rise, fueled by an influx of foreign-currency deposits that enhanced the foreign-exchange liquidity of the country. This robust support helped mitigate global economic pressures. Additionally, interventions from the Reserve Bank of India played a crucial role in the rupee's ascent, as domestic equities began the day on a positive note, signaling encouraging market sentiments.
The State Bank of India has challenged assertions of low nominal GDP growth, asserting that the 2.6% figure arose from inconsistent data comparisons. The bank highlights that the official real GDP growth for Q1 FY27 remains robust at 7.8%. It's common for quarterly GDP figures to be adjusted, and further revisions will continue until the data is finalized.
Gold and silver price prediction today: Gold prices are falling but buying on dips is the recommended strategy this week, says Abhilash Koikkara, Head - Forex & Commodities, Nuvama Professional Clients Group.